The need to get a loan without Credit Bureau information without a credit check is permanently high in Germany. Around 9 percent of adults have at least one or even more negative entries in the Credit Bureau information. However, the reason for this is not always due to an uninhibited desire to shop.
And even the bad payment behavior doesn’t always have to be responsible for the negative entry at de Credit Bureau. Because fundamentally, not only society, but also the job market has changed drastically. Security measures such as Hartz 4 ensure that Germans are systematically driven into poverty. But workers are also increasingly caught in the Credit Bureau trap. Because consumer behavior has also changed significantly. Due to the chronic lack of time, employees are often ambitious to order online.
No wonder, because convenient shopping at the click of a mouse can be done quickly and easily from the workplace. The subsequent invoices are then sent in the form of an email and often end up in the spam folder or are forgotten. The resulting reminders are quickly overlooked in the spam folder. There is a mailing, with the provider decorating his envelope with the current special offers.
Many of these letters are then dismissed as advertising and end up in the trash. It quickly comes to negative Credit Bureau entry, and the associated consequences can be devastating for those affected. Many people do not yet know anything about the negative entry and usually only get this job message when the self-disclosure is requested and / or a loan is applied for, which is then rejected by the banks.
No special labeling of the offers
If the person concerned is in a financial emergency situation, he or she is dependent on getting a loan. But getting a loan without Credit Bureau information without a credit check is not always easy. When searching, many of those affected end up on the website of credit intermediaries. However, these do not publicly disclose their sources. And the individual loan comparison portals are usually very covered. It so happens that no real comparison offer is available for a loan without Credit Bureau information without a credit check. In contrast to conventional loan comparisons, the prospect cannot specifically look for a loan without Credit Bureau information without a credit check, since these forms of credit are not declared accordingly.
Loans through intermediaries
Anyone who manually searches for a loan online without Credit Bureau information without a credit check will sooner or later be confronted with the offers of credit intermediaries. The credit broker is one of the few options when it comes to getting a loan without Credit Bureau information without a credit check. The credit intermediary generally acts through foreign banks, which are also known as so-called internet banks.
In contrast to the conventional bank, these direct banks do not offer any stationary branch, since they are not based in Germany. This has the advantage that it is possible for those affected to obtain a loan without Credit Bureau information without a credit check, since the requirements abroad are not as strictly regulated as is the case in Germany.
Loans through private providers
Another way to get a loan without Credit Bureau information without a credit check is defined by the private providers, as they are represented on the Internet in large numbers. But these providers also do not clearly label their credit options with the characteristics “Without Credit Bureau information without credit check”. For this reason, a certain amount of search effort is also required here. The private providers are mostly investors who want to use their money profitably. However, this generosity can be paid for well. Because a loan from private providers generally does not require Credit Bureau information and no credit check, but a relatively high interest rate, which justifies the trust that investors place in the borrower with the negative Credit Bureau entry.
These two options are the only way to get credit offers without Credit Bureau information and without a credit check. For this reason, it is also possible to get a loan with a negative Credit Bureau entry. The advantage for the person concerned clearly relates to the fact that the Credit Bureau query is not used. However, the disadvantages are also obvious. On the one hand, the borrower has to accept a high interest rate, on the other hand, the search involves a lot of effort, since these offers are not declared accordingly.
Basically, the search should also ensure that a thorough comparison is made. Because the lowest interest rate does not always mean the cheapest loan. Special payments, deferrals and early redemption options should also be part of the loan offer. This is the only way to ensure that regular installments are paid throughout the term.